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Boat and Watercraft Insurance

Whether you own a luxury yacht or a playful jet ski, boat insurance protects your investment and covers your liability in case of an accident. Personal watercraft and commercial charter boats have different policy needs. Let your local GreatFlorida agent build the perfect policy for coverage on and off the water.

What Does Boat Insurance in Florida Cover?

Get high-quality coverage and enjoy the water without worry. Some of the most common boat policies include the following coverage:

Physical Damage

Vital coverage for the hull, structure, sails, machinery, and other furnishings and equipment on board your vessel.

Collision or Sinking

A boaters nightmare. Protect your investment and life on the water with coverage against collision and sinking.

Comprehensive Coverage

Covers boat losses not caused by collision. This can include theft, fire, vandalism, and other destructive incidents.

Bodily Injury or Death

Medical costs from boating incidents are high. Cover costs from injury or death to people aboard vessels you damage, or your own.

Liability

Provides coverage for physical damage you cause to other vessels, docks, and property.

Boat Trailer

Valuable protection against loss or damage while towing your boat.

Additional boat insurance coverage options illustrated by items on a boat.

What Extra Boat Insurance Coverage is Available?

Standard policies cover your boat for physical damage and collision. But extra coverage can further protect your vessel and your lifestyle.
You might bring expensive fishing equipment and valuable personal items along while boating. Additional coverage options protect against this loss of valuable property.
As so many boaters in Florida go without insurance, adding coverage for uninsured boaters can help protect your vessel.
Boat insurance is not required by law. Don't rely on other people. Protect your boat with your own policy.

What Types of Boats Can GreatFlorida Help You Insure?

GreatFlorida agents are local and understand the diversity of life on the water. We offer coverage for the following vessels:

Bow Rider
Center Consoles
Cuddy Cabin
Walk Around
Ski Boats
Pontoon
Jet Boats
Personal Watercraft
Sailboats
Bass Boats
Commercial Vessels
Private Pleasure Craft

A boat docked out of water, illustrating out-of-water coverage.

Is My Boat Covered Out of the Water?

If your policy includes Physical Damage Coverage (Comprehensive and Collision), your boat will be protected out of the water.

Some coverages will only be valid while on the water. Talk to your local GreatFlorida agent for specific details on the best.

What Are the factors that affect boat insurance premiums?

Insurers calculate your rates based on your vessel, boating history, and personal information. Some factors that affect your premium include:

A young and an older boater, illustrating age and gender factors in insurance.

Age & gender

In line with other insurance policies, women and older people will enjoy the best boat insurance rates.

Horsepower

The more powerful your boat, the more risky it is to insure. A less powerful boat can save you money in premiums.

Driving Record

A history of driving violations on the road will signal to insurers you may be a risk on the water.

Usage

Using your boat for parasailing or towing skiers will lead to higher insurance costs.

Experience

Well experienced boaters can enjoy lower premiums. Newer boat enthusiasts can pay more to begin with, but see reductions over time.

Safety Measures

The more coast guard approved gear you have on board, the lower your risk and your insurance rates.

Different types of boats, illustrating boat specifications as an insurance factor.

Boat Specs

The size, make, model, and motor of your boat all affect your final premium.

Credit Score

A high credit score can save you money on your boat insurance in Florida.

Claims History

Previous claims can indicate more risk to an insurer, leading to a higher cost for coverage. If you are claim-free, you can benefit from a lower rate.

Different Types of Boat Insurance Coverage in Florida

A boat's value constantly depreciates, just like a car. Most insurance policies adapt your coverage amount to the market value of your boat. If you want coverage for a higher price, additional options are available.

In the event of a loss, payment is calculated based on the type of insurance stated in your policy.

Agreed Value:

In the event of total loss, you will receive the amount stated in your policy. In this case, there is no reduction for depreciation.

Actual Cash Value:

If your boat is a total loss, your policy will pay the current value of your boat after depreciation.

Replacement Cost:

Reimbursement for the repair of your vessel or the cost of replacement of the same make and model. This policy is only available for the first few years of coverage.

Florida Boat Insurance FAQs

Boats are an investment in your lifestyle, not just your possessions. Our GreatFlorida agents can walk you through protecting your assets and keeping you covered out on the water.

How Much Does Boat Insurance Cost in Florida?

Floridians pay an average of a few hundred dollars for boat insurance each year. But depending on your boat's specifications, your premium could be larger. GreatFlorida Insurance agents customize the best boating policies at affordable prices.

Do All Floridian Boaters Have to Carry Boat Insurance?

In Florida, boat insurance is not required by law. That makes it even more vital to protect your boats and watercraft, on and off the water. Boat accidents and ensuing legal action can ruin the financial lives of boat owners.

If I Get in an Accident While Towing, Who Will Pay?

If you have physical damage coverage (comprehensive and collision), your policy will pay for damage while it is being towed. Whether the damage is total or partial, you can feel confident knowing your investment is protected.

Why Boat Insurance From a GreatFlorida Agent?

Local agents know what locals need. Protect your vessel with a policy crafted to cover every eventuality at affordable rates. We don't stop at boats. We customize competitive policies for jet skis, pontoons, and many other Florida watercraft.

Our agents are available 24/7 with local knowledge and expertise. Call your local agent today and find out how much you could save on your next Florida boat insurance policy.

Hero image of a boat cruising on the water, symbolizing personalized boat insurance.

Build Your Own Personalized Boat Insurance Policy in Florida

Get Prepared. Get GreatFlorida. Crafting a boat insurance policy for your Florida adventures is easy with our agents, ensuring protection against coastal storms and accidents. Secure cost-effective coverage for your vessel and equipment with tailored solutions from our experienced partners.

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About GreatFlorida Insurance

GreatFlorida Insurance is a network of independent, franchised insurance agents located throughout Florida. With 142 locations state-wide, it is easy to find a GreatFlorida Agency in your neighborhood.

We provide 24-hour service, 7 days a week, 365 days a year, through our partnered insurance companies.

Our Independent, GreatFlorida Insurance Agents will help you find affordable Insurance in Florida for you and your family.

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